Famous Thomas Jefferson Quote; "The tree of liberty must be refreshed from time to time, with the blood of patriots and tyrants" ... hopefully the AC-130 crews will be on the side of the Patriots ...
Who is going to get shot that could reopen the economy?
Ever been to Sao Paulo?
The wealthy know how to deal with it.
I have enough TP.
If macromavens forecast happens and you want to live in Sao Paulo
you need this: Sikorsky S-92 Executive – $17.7 million
Sikorsky S-92 Executive – $17.7 million Sikorsky S-92 Executive
Those who want a roomier executive luxury helicopter often turn to the Sikorsky S-92. It has seating for 10 passengers, a well planned lavatory, galley and closet spaces, and a cabin that’s relatively quiet. Custom options include beefed up exterior armor, satellite phones, and advanced monitoring systems. The presidents and heads of state of more than ten countries around the world have chosen the Sikorsky S-92 for an official mode of transportation because of its great safety features and spaciousness. ================================================== https://www.macromavens.com/wp-content/uploads/2019/10/ThinkingTooSmall.pdf
good chart @link
Lest there were any doubt, the degree to which the markets still don’t ‘get it’ was powerfully evident in the action last Friday. Having the debate over 25bp or 50bp this month definitively laid to rest by the Fed’s WSJ plant midday – the last day members could make any communications ahead of their July 31st meeting-- was sufficient to convert stock market gains to losses and send gold down a snappy $22. The implication that the extra 25bp could make the difference between sustaining our record-long expansion infinitely into the future and our slumping into recession, is so ridiculous I feel guilty giving it fresh life here! I mean, since when has Fed policy ever been so finely timed and tuned? In case you were wondering, ‘never’ is the answer to that question. Indeed, if the Fed has consistently demonstrated anything, it’s a pitiful lack of finesse. It always tightens too late, eases too long and gets its economic forecasts totally wrong. But even more risible than the weight being placed on an extra 25bp now, is how little that will amount to when we look back on this whole affair after all is said and done. In the stark light of hindsight, it will be seen as a drop in the bucket of monetary stimulus that followed. For, contrary to popular perception, what we are embarking on here is not some short, shallow and shrewd ‘insurance policy’. It’s the renaissance of bazooka-style, guns a-blazin’ stimulus – here and around the globe— that’s going to make 2007-8 look like child’s play. That’s right. I said it. And given my proclivity for repetition, you can bet I’ll be saying it again…and again…and again! Now that I’ve got your attention, let me settle back down and get to the “why” of it all. We can start with the fact that the 110bp decline in 2-year yields and 120bp decline in 10-year yields, since the wheels came off in the 4th quarter, STILL hasn’t undergirded economic activity…eight months later. As I have fretted aloud countless times throughout the 1st and 2nd quarters, the failure of reflexivity to set up --and lower rates to sow the seeds of their own demise by fueling growth and inflation -- is a stunning testament to the depth of late-cycle exhaustion and the economy’s innate deflationary tendencies. Rather than a deadcat bounce, the data have landed with a deadcat thud
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